Hi Line Capital Management LLC Trims Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Hi Line Capital Management LLC lowered its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 8.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,106,171 shares of the company’s stock after selling 96,274 shares during the period. Liberty Global comprises 7.6% of Hi Line Capital Management LLC’s holdings, making the stock its 2nd largest holding. Hi Line Capital Management LLC owned about 0.28% of Liberty Global worth $19,657,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LBTYA. EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Global by 148.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock valued at $39,000 after purchasing an additional 1,357 shares during the last quarter. Bfsg LLC bought a new position in shares of Liberty Global during the 4th quarter worth approximately $106,000. Anchor Investment Management LLC acquired a new stake in shares of Liberty Global during the 4th quarter worth approximately $141,000. Advisor Partners II LLC bought a new stake in shares of Liberty Global in the 3rd quarter valued at $209,000. Finally, Autumn Glory Partners LLC acquired a new position in shares of Liberty Global during the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Activity at Liberty Global

In other Liberty Global news, EVP Bryan H. Hall sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $18.24, for a total transaction of $456,000.00. Following the sale, the executive vice president now owns 144,934 shares in the company, valued at approximately $2,643,596.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Bryan H. Hall sold 25,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $18.24, for a total value of $456,000.00. Following the sale, the executive vice president now directly owns 144,934 shares in the company, valued at approximately $2,643,596.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the transaction, the chief accounting officer now directly owns 70,666 shares of the company’s stock, valued at $1,363,147.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,629 shares of company stock valued at $2,046,783. 11.51% of the stock is owned by corporate insiders.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $16.50 on Thursday. The firm has a market capitalization of $6.23 billion, a PE ratio of -2.55 and a beta of 1.16. Liberty Global Ltd. has a 12 month low of $15.01 and a 12 month high of $20.56. The business’s 50-day moving average price is $16.85 and its 200-day moving average price is $17.20. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. The company had revenue of $1.95 billion during the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. During the same quarter in the prior year, the company posted ($1.59) earnings per share. Sell-side analysts forecast that Liberty Global Ltd. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on LBTYA shares. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. UBS Group dropped their target price on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a research report on Monday, February 26th. New Street Research reaffirmed a “neutral” rating on shares of Liberty Global in a report on Wednesday, February 28th. Barclays dropped their price target on Liberty Global from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Finally, Citigroup upgraded Liberty Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $24.00 in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.25.

Liberty Global Company Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.